Turkey Ammunition Market Size & Outlook, 2025-2030
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Turkey ammunition market highlights
- The Turkey ammunition market generated a revenue of USD 239.3 million in 2024 and is expected to reach USD 287.8 million by 2030.
- The Turkey market is expected to grow at a CAGR of 3.1% from 2025 to 2030.
- In terms of segment, small caliber was the largest revenue generating caliber in 2024.
- Rockets & Missiles is the most lucrative caliber segment registering the fastest growth during the forecast period.
Ammunition market data book summary
| Market revenue in 2024 | USD 239.3 million |
| Market revenue in 2030 | USD 287.8 million |
| Growth rate | 3.1% (CAGR from 2025 to 2030) |
| Largest segment | Small caliber |
| Fastest growing segment | Rockets & Missiles |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Small Caliber, Medium Caliber, Large Caliber, Rockets & Missiles |
| Key market players worldwide | Northrop Grumman Corp, Olin Corp, General Dynamics Corp, BAE Systems PLC, Rheinmetall AG, Hanwha, Temasek Holdings, Vista Outdoor Inc, FN Herstal, Nexaer, Remington Arms Company |
Other key industry trends
- In terms of revenue, Turkey accounted for 0.3% of the global ammunition market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Russia ammunition market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 296.3 million by 2030.
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Ammunition Market Scope
Ammunition Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Remington Arms Company | View profile | 5001-10000 | Lonoke, Arkansas, United States, North America | http://www.remington.com/ |
| Nexaer | View profile | 11-50 | Anaheim, California, United States, North America | https://nexaer.com |
| FN Herstal | View profile | 1001-5000 | Herstal, Liege, Belgium, Europe | https://www.fnherstal.com/ |
| Temasek Holdings | View profile | 501-1000 | Singapore, Central Region, Singapore, Asia | http://www.temasek.com.sg |
| Rheinmetall AG | View profile | 25344 | Rheinmetall Platz 1, Dusseldorf, NW, Germany, 40476 | https://www.rheinmetall.com |
| General Dynamics Corp | View profile | 111600 | 11011 Sunset Hills Road, Reston, VA, United States, 20190 | https://www.gd.com |
| Northrop Grumman Corp | View profile | 101000 | 2980 Fairview Park Drive, Falls Church, VA, United States, 22042 | https://www.northropgrumman.com |
| BAE Systems PLC | View profile | 99800 | 6 Carlton Gardens, Stirling Square, London, United Kingdom, SW1Y 5AD | https://www.baesystems.com |
| Hanwha | View profile | 5001-10000 | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.hanwhacorp.co.kr/eng/index.jsp |
| Vista Outdoor Inc | View profile | 7000 | 1 Vista Way, Anoka, MN, United States, 55303 | https://www.vistaoutdoor.com |
| Olin Corp | View profile | 7326 | 190 Carondelet Plaza, Suite 1530, Clayton, MO, United States, 63105 | https://www.olin.com |
Turkey ammunition market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ammunition market will help companies and investors design strategic landscapes.
Small caliber was the largest segment with a revenue share of 60.89% in 2024. Horizon Databook has segmented the Turkey ammunition market based on small caliber, medium caliber, large caliber, rockets & missiles covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of Turkey ammunition market databook
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Our clientele includes a mix of ammunition market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Turkey ammunition market, including forecasts for subscribers. This country databook contains high-level insights into Turkey ammunition market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Turkey ammunition market size, by caliber, 2018-2030 (US$M)
Turkey Ammunition Market Share, 2024 & 2030 (US$M)
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